2026 Professional Real Estate Licensing Latest Virginia-Real-Estate-Salesperson Dumps Files

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Real Estate Licensing Virginia Real Estate Salesperson Exam Sample Questions (Q98-Q103):

NEW QUESTION # 98
In Virginia, how many years do records need to be kept for?

Answer: B

Explanation:
Virginia requires brokers and firms to retain all financial, transactional, and escrow records for three years.
This includes contracts, disclosures, closing statements, and escrow records.
The three-year period usually begins from the date of closing or termination of the transaction.
Reference:
Virginia Code §54.1-2108 (Broker records retention requirements)


NEW QUESTION # 99
Ben would like to construct a restaurant on a parcel of land. This particular parcel is not zoned for commercial use. Ben should go to the city and seek a(n):

Answer: D

Explanation:
A use variance allows a property to be used in a way not normally permitted by zoning.
Since Ben wants to build a restaurant (commercial use) on land not zoned for commercial, he must apply to the local zoning board for a use variance.
Other options:
(A) Exemption = not the correct zoning term.
(B) Deferrence = not a recognized land use concept.
(C) Encroachment = unauthorized intrusion onto another's property (not zoning related).
Reference (Virginia Real Estate):
Code of Virginia Title 15.2 (Zoning laws)
Virginia Real Estate Principles - Land use controls
A490-02REGS.pdf - Zoning & variances curriculum


NEW QUESTION # 100
What would make claims based on a contract unenforceable?

Answer: C

Explanation:
Contract claims may become unenforceable not because they are invalid contracts, but because too much time has passed or a party has delayed action:
Statute of Limitations: Sets a maximum time period within which a lawsuit can be filed. Once expired, the claim is unenforceable.
Doctrine of Laches: An equitable defense where claims are barred if a party unreasonably delays enforcing their rights and that delay prejudices the other party.
Other options:
(A) Specific performance, rescission, and forfeiture are remedies, not reasons for unenforceability.
(C) Assignment, mediation, and arbitration are processes or dispute resolution methods.
(D) Mutual assent, lawful objective, and reality of consent are elements of a valid contract, not reasons for unenforceability.
Reference (Virginia Real Estate):
Code of Virginia § 8.01-243 (Statute of Limitations for contracts)
Virginia Real Estate Principles - Contracts & Enforcement sections
A490-02REGS.pdf - Contract law education content


NEW QUESTION # 101
The duty of obedience does not include requests or instructions that are:

Answer: A

Explanation:
The fiduciary duty of obedience requires an agent to follow all lawful instructions from their client.
However, the duty does not include following illegal or unethical requests.
Example: A client instructing a licensee to discriminate against buyers or falsify contract terms - the licensee must refuse.
Other options:
(A) Instructions don't always need to be in writing to be valid.
(B) Ethical but unwise requests still require obedience.
(C) "Unnecessary" instructions are subjective and not an exception.
Reference (Virginia Real Estate):
Code of Virginia § 54.1-2131 (Duties of licensees)
Virginia Real Estate Principles - Fiduciary duties section
A490-02REGS.pdf - Agency & fiduciary responsibilities


NEW QUESTION # 102
When the CFPB introduced the new TRID rules integrating RESPA and TILA rules, what two disclosure forms did they mandate lenders provide to borrowers?

Answer: A

Explanation:
Comprehensive Detailed Explanation
When the Consumer Financial Protection Bureau (CFPB) implemented the TRID Rule (TILA-RESPA Integrated Disclosure) in 2015:
The Good Faith Estimate (GFE) and initial TILA disclosure were replaced by the Loan Estimate (LE).
The HUD-1 Settlement Statement and final TILA disclosure were replaced by the Closing Disclosure (CD).
Purpose: Simplify borrower understanding, increase transparency, and reduce last-minute surprises.
Reference (Virginia Real Estate & Federal):
TRID Rule (12 CFR Part 1026 - Regulation Z)
Virginia Real Estate Principles - Financing & Closing section
A490-02REGS.pdf - Loan disclosure requirements


NEW QUESTION # 103
......

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